LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

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 Lagos Court Jails NOGASA Chair, Fatuyi Phillips 21 Years  for N43.5m Fraud    Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, November 18, 2024, convicted and sentenced Fatuyi Yemi Philips, Chairman, Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, to 21 years imprisonment for N43.5m fraud.   The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on April 5, 2022, arraigned Philips alongside his firm, Oceanview Oil and Gas Limited, on a two-count charge bordering on obtaining money by false pretence to the tune of N43, 502,000.00   Count one reads: "Fatuyi Yemi Philips and Oceanview Oil and Gas Nigeria Limited, on or about the 28th day of September, 2016 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, obtained the aggregate sum of N43, 502,000.00 from Elochukwu Okoye and Elebana Unique Ventures Nigeria Limited on behalf of WAPCIL Nigeria Limited under the false rep
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MALI JUNTA SUES EX-MINISTER OVER $40M PRESIDENTIAL JEY PURCHASE. (PHOTO)

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 Mali junta sues ex-ministers over  $40m presidential jet purchase


Mali military government has sued former ministers and top military officials went for allegedly siphoning off millions of dollars during the purchase of a presidential jet in 2014 as well as military equipment.


The case is emblematic in Mali where the current military rulers came to power after a 2020 coup they said was aimed at ending corruption in president Ibrahim Boubacar Keita's government, and his inability to fight insurgents and rebels.


The presidential jet was bought for $40 million at the time, and a huge quantity of arms were also bought without any tenders floated beforehand, according to AFP.


The case led the International Monetary Fund to freeze funds for Mali for six months.


Former prime minister Soumeylou Boubeye Maiga, who was defence minister when the purchases were made, and former finance minister Bouare Fily Sissoko were detained in 2021 over the case.


They were accused of fraud, cheating and nepotism.


Maiga, who maintained his innocence, died in prison in March last year. His supporters accuse the junta of letting him die in prison.


The others accused include Mahamadou Camara, the former chief of staff of the toppled president.

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